Phase I Environmental Site Assessments are generally required by lending institutions prior to lending funds toward the purchase and/or development of commercial properties. The goal of these assessments is to prevent the buyer from unknowingly purchasing property that has anenvironmental cloud over it. If performed correctly, a Phase I Environmental Site Assessment should protect the new property owner under the Innocent Landowner Defense of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).
At Terry Environmental Services, we perform every Phase I ESA according to All Appropriate Inquiry Rule recently established by the United States Environmental Protection Agency. Our Clients can therefore rest assured that their interests are protected. In some cases, our Clients want more stringent investigations and more protection than the AAI Guidelines require. In those cases, we will provide any level of reporting required, and up to $5,000,000 in liability protection!